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New Delhi
The aim of the partnership is to provide tailored financial solutions to Ashok Leyland’s M&HCV dealer network.
The new RDS AUTOSALES facility is located on Chunar Road, Jamui Jamuhar, Mirzapur, and will provide sales, service, and spare parts for Ashok Leyland’s LCV products.
The agreement was signed by C. Neelakantan, Head of Treasury and Direct Taxation at Ashok Leyland, and Velayutham Sadhasivam, Chairman of Nagaland Rural Bank.
Explore Ashok Leyland’s sales growth in March 2025, with positive performance in domestic markets, especially in M&HCV truck sales.
Mahindra’s price hike, Cityflo’s fleet expansion, ADAS rules, Ashok Leyland’s ₹700 Cr order, and ACE’s new 4WD tractor.
The orders include vehicles like the Stallion 4x4, Stallion 6x6, Short Chassis Bus, and Mobility System Travelling Platform.
Switch Mobility's revenue target for the current fiscal year is between Rs 900 and 1,000 crore. The Indian operations of Switch Mobility are already generating positive EBITDA.
Ashok Leyland stated that the low demand for zero-emission passenger vehicles in the UK has led the company to rethink its operations after 15 years in the region.
Ashok Leyland issued a formal statement to the National Stock Exchange (NSE) and BSE Limited, calling the reports “factually incorrect” and asking stakeholders to ignore the misinformation.
The 75-acre plant New Bus Manufacturing will produce 4,800 buses annually, including diesel buses by Ashok Leyland and electric buses by Switch Mobility.
Get the latest on Ashok Leyland’s initiatives, Montra’s e-SCV plant, Bajaj GoGo EVs, SML ISUZU’s Air Force order, and more.
As part of its Women’s Day initiatives, Ashok Leyland released a social media film in collaboration with Mumbai Indians.
JEM Tez e-LCV launch, Ashok Leyland’s sales rise, EV localization rules, Sonalika’s record sales, and Jharkhand’s ₹140 Cr subsidy.
Explore Ashok Leyland’s sales growth in February 2025, with strong performance in export markets, especially in M&HCV truck sales.
CMV360 Weekly Wrap-Up (15-21 Feb 2025) covers Volvo’s road train, JBM’s e-bus order, John Deere’s 130 HP tractor, and more.
